Taxes/Fiscal Policy

Bi-Weekly Economic Review: Gridlock & The Status Quo

By |2017-11-07T20:28:18-04:00November 7th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Investing, Markets, Monthly Macro Monitor, Stocks, Taxes/Fiscal Policy|

The good news is that the economy just printed its second consecutive quarter of 3% growth, a feat not accomplished since Q2 and Q3 2014. The bad news is that the growth spurt in 2014 was better, quantitatively and qualitatively. Those two quarters produced gains of 4.6% and 5.2% (annualized) in GDP, much better than [...]

Global Asset Allocation Update

By |2017-10-26T19:49:01-04:00October 26th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

The risk budget this month shifts slightly as we add cash to the portfolio. For the moderate risk investor the allocation to bonds is unchanged at 50%, risk assets are reduced to 45% and cash is raised to 5%. The changes this month are modest and may prove temporary but I felt a move to [...]

Bi-Weekly Economic Review: As Good As It Gets

By |2017-09-24T15:21:47-04:00September 24th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Monthly Macro Monitor, Politics, Taxes/Fiscal Policy|

The incoming economic data hasn't changed its tone all that much in the last several years. The US economy is growing but more slowly than it once did and we hope it does again. It is frustrating for economic bulls and bears, never fully satisfying either. Probably more important is the frustration of the average [...]

Global Asset Allocation Update: Step Away From The Portfolio

By |2017-09-22T14:35:31-04:00September 22nd, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolios this month. The post Fed meeting market reaction was a bit surprising in its intensity. The actions of the Fed were, to [...]

Bi-Weekly Economic Review: Don’t Underestimate Gridlock

By |2017-08-29T14:40:52-04:00August 29th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Investing, Markets, Monthly Macro Monitor, Politics, Taxes/Fiscal Policy|

The economic reports released since the last update were slightly more upbeat than the previous period. The economic surprises have largely been on the positive side but there were some major disappointments as well. The economy has been doing this for several years now, one part of the economy waxing while another wanes and the [...]

Medicare

By |2018-01-18T10:39:41-04:00July 27th, 2017|Financial Planning, Taxes/Fiscal Policy|

Medicare. The name is as recognizable as Kleenex®, KFC®, and Coca Cola®. But if asked what Medicare is, most people can only tell you it’s government health insurance for older people.  If you’re going to do serious retirement planning you need to know more than that. If you don’t, you could miss sign up deadlines [...]

Secret Military Benefit

By |2017-07-26T16:19:42-04:00July 26th, 2017|Taxes/Fiscal Policy|

Buried in the dusty archives of the IRS code is a military secret. The benefit for some military families can be substantial – the ability to deposit up to $500,000 into a Roth IRA, all at one time. In 2008 the Federal Government passed the Heart Act (Heroes Earnings Assistance and Relief Tax Act). It [...]